Closed

$600,000

11 Cottage Avenue, Old Orchard Beach, ME 04064

6beds

1,627sqft

Multi Family

Built in 1910

-- sqft lot

$594,900 Zestimate^®

$369/sqft

$2,296 Estimated rent

Home value

$594,900

$535,000 - $666,000

$2,296/mo

Zestimate^® history

Owner options

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$2,296/mo

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$2,296/mo

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$2,972/mo

Est. payment

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$2,972/mo

Est. payment

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What's special

Cozy efficiency unit

BEST MAINE BEACH nearby this charming 3-unit property which is perfectly situated in a sought-after beach community. Offering an incredible opportunity for long-term or weekly rental income. The building features two 2-bedroom units, each designed with bedrooms on the second floor, and a cozy efficiency unit - ideal for couples or solo travelers seeking a convenient and affordable coastal getaway. The property boasts plenty of parking, a rare and valuable asset in beachside locations, ensuring convenience for tenants and guests alike. Its prime location offers easy access to the beach, local shops, restaurants, and entertainment, making it an attractive choice for vacationers. With its versatile layout and high demand for rentals in the area, this property is a smart investment for anyone looking to capitalize on the lucrative vacation rental market while enjoying the perks of owning property in a vibrant coastal community. Current tenants month to month. Offers due by 2/09/2025

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 5
Full bathrooms: 3
1/2 bathrooms: 2

Heating

Baseboard, Hot Water, Zoned

Cooling

None

Features

Shower, Storage
Flooring: Carpet, Laminate, Vinyl
Windows: Double Pane Windows
Basement: Doghouse,Full,Unfinished

Interior area

Total structure area: 1,627
Total interior livable area: 1,627 sqft
Finished area above ground: 1,627
Finished area below ground: 0

Property

Parking

Parking features: Paved, 5 - 10 Spaces, Off Street

Features

Levels: Multi/Split
Stories: 2
Patio & porch: Deck

Lot

Size: 4,791 Square Feet
Features: City Lot, Near Public Beach, Near Shopping, Neighborhood, Near Railroad, Level

Details

Additional structures: Outbuilding
Parcel number: OOBHM206B11L4
Zoning: R-2
Other equipment: Cable

Construction

Type & style

Home type: MultiFamily
Architectural style: Other
Property subtype: Multi Family

Materials

Wood Frame, Shingle Siding, Vinyl Siding
Roof: Shingle

Condition

Year built: 1910

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public
Utilities for property: Utilities On

Community & HOA

Location

Region: Old Orchard Beach

Financial & listing details

Price per square foot: $369/sqft
Tax assessed value: $438,800
Annual tax amount: $4,471
Date on market: 1/31/2025
Road surface type: Paved

Price history

Date	Event	Price
3/28/2025	Sold	$600,000+6.6%$369/sqft
Source: Maine Listings #1613558 Report a problem
2/9/2025	Pending sale	$563,000$346/sqft
Source: Maine Listings #1613558 Report a problem
1/31/2025	Listed for sale	$563,000+97.5%$346/sqft
Source: Maine Listings #1613558 Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem
3/22/2015	Listing removed	$285,000$175/sqft
Source: Owner Report a problem
12/24/2014	Listed for sale	$285,000+193.8%$175/sqft
Source: Owner Report a problem
5/9/2013	Sold	$97,000-34.9%$60/sqft
Source: Agent Provided Report a problem
6/19/2012	Listed for sale	$149,000$92/sqft
Source: REAL ESTATE USA Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,774 +6.8%	$438,800 +11.9%
2023	$4,471 +11.3%	$392,200 +19.5%
2022	$4,016 +12%	$328,100 +29.6%
2021	$3,585 -1.3%	$253,200 +7.5%
2020	$3,631 -0.5%	$235,500
2019	$3,650 +4.6%	$235,500 +3.2%
2018	$3,490 +9.7%	$228,100 +12.6%
2017	$3,181 +7.3%	$202,600 +5.6%
2016	$2,965 +1.8%	$191,800
2015	$2,912 +3.9%	$191,800 +1.8%
2014	$2,803 +7.8%	$188,400
2013	$2,600 +0.9%	$188,400 -1.8%
2012	$2,578 -2.2%	$191,800 -5.8%
2009	$2,635	$203,600
2008	$2,635	$203,600 +10.1%
2006	--	$184,900